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  • Home
  • Blog
  • Loan Options
    • Conventional
    • FHA Options
    • USDA (Rural Housing)
    • VA Loans
    • Maine State Housing Program
    • Reverse Mortgage
    • Reverse Mortgage (HECM) for PURCHASE!
    • Renovation Loans
  • calculators
    • Calculators
  • About
    • Mark J. Maroon, Branch Manager
    • Luanne Morgan, Operations Manager
    • David J. Maroon
    • Thomas P. Drew
    • Michael White
    • Irina Malayev
    • Monica Stanton
    • Support Staff
    • Testimonials
    • Our Culture
    • Directions
    • Join Our Team!
Mortgages in Maine PRMI | Maine Lender
  • Home
  • Blog
  • Loan Options
    • Conventional
    • FHA Options
    • USDA (Rural Housing)
    • VA Loans
    • Maine State Housing Program
    • Reverse Mortgage
    • Reverse Mortgage (HECM) for PURCHASE!
    • Renovation Loans
  • calculators
    • Calculators
  • About
    • Mark J. Maroon, Branch Manager
    • Luanne Morgan, Operations Manager
    • David J. Maroon
    • Thomas P. Drew
    • Michael White
    • Irina Malayev
    • Monica Stanton
    • Support Staff
    • Testimonials
    • Our Culture
    • Directions
    • Join Our Team!
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Isn't it time for you to enjoy peace of mind? The Home Equity Conversion Mortgage (HECM) is FHA’s reverse mortgage program, which enables you * access to the equity in your home. 

Benefits of Reverse Mortgage
  • Continue to live and own the home without having to make a mortgage payment
  • Obtain money for things such as home repairs or improvements, property taxes, and more.
  • Supplement retirement income
  • Cover medical expenses.
  • And more.
* Participants must be 62 years old, occupy the property as your principle residence for at least 6 months of the year and have ample equity in the property.

A reverse mortgage is a special type of home loan that lets you convert a portion of your equity into cash.

You don’t need an income to qualify. With a reverse mortgage, your equity pays you because you’ve earned it.

You choose how you want to withdraw your funds. You can select a fixed monthly amount, a line of credit, a lump sum or a combination of all three. There are no monthly principal and interest payments like there is with a second mortgage or a home equity line of credit.

Don’t worry about where you’ll find the money for your next bill. Reserve mortgages have changed and folks are using them for many different reasons. Whether or not you have a mortgage, we can discover how a reverse mortgage would work for you.

HECM is a safe plan that can give you greater financial security- it can supplement Social Security, meet unexpected medical expenses, make home improvements, and more. 



Request a Quote
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​PRMI NMLS 3094. Branch NMLS 989813. PRMI is an Equal Housing Lender. Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply. Programs, rates, terms, and conditions are subject to change and are subject to borrower(s) qualification. This is not a commitment to lend. Department of Professional and Financial Regulation Bureau of Consumer Credit Protection SLM5619.  Licensed by the New Hampshire Banking Department" 10706-MB.  Florida Office of Financial Regulation MLD646
Our Office
360 US Route One, Suite 300
Scarborough, ME 04074
207.885.5070

NMLS # 989813
 
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